Getting an Investment Club Started - Step 3 - Election of Officers
When the time arrives for the second meeting of your investment club youll want to finalize some decisions that have to do with the way your club is run and organized.
Youll want to determine some of the responsibilities that need to be met and what officers are going to be elected to handle those responsibilities.
All positions should be clearly defined so that members can be elected to these positions. Keep in mind that all members of the club will have responsibilities but when you elect officers youll have certain positions filled where members have a particular duty and task.
Most investment clubs will have the following officers:
President. The president can also be known as the presiding partner. The president is the one who decides when the next meeting is going to take place (usually done with a mutual vote but made official by the president), presides over the meetings, and plans activities (usually done with a mutual decision by other members).
Vice president. The vice president can also be known as the assistant presiding partner. The vice president is the member that stands in when the president is absent or needs help with presidential duties. The vice president is often the one who plans some of the educational information that is provided to the club at meetings.
Treasurer. The treasurer is also known as the financial partner. The treasurer is the one who deals with the brokerage firm and does the buying and the selling of stock. The treasurer also is responsible for keeping accurate records of the financial holdings of the club, the financial contributions of each of the members, and any other records that concern themselves with money and financial matters.
Secretary. The secretary is also known as the recording partner. The secretary is responsible for keeping the minutes of each meeting. The secretary also lets other members know of any upcoming meetings. If a member misses a meeting the secretary is the one who passes the minutes of the last meeting to the absent member so that everyone is kept up to date of all meeting decisions.
Education officer. Many clubs have what is known as an education officer. This member of the club is responsible for organizing educational activities such as guest speakers, reading materials, field trips, and presentations that have to do with investing.
When you elect members to fill the above positions youre simply making sure that your club is run in an organized and efficient way.
Investment Club Business Activity Code
You might want to come up with alternative meeting places, such as local library or caf, to use as an alternative meeting choice.
Property Investment Portfolio
No matter where you are in the level of education material that youre looking at youll want to have a definite plan about what you want to learn. The main thing is that you want to invest some of your money in a way that is fun and educational. 8 Stock Symbols This is a quick introduction into the letter symbols that identify stocks according to a variety of details. Youll have to decide if you want to trade low price for customer service. Atlantic American Corp.
Limited liability corporations.
DO NOT REDUCE (DNR) Stipulation to order that instructs the broker not to decrease the limit price on buy-limit and sell-stop orders on the record date of a cash dividend. Youll need to have the ability to let the majority rule whenever a decision is made. 27 52 Week High 3. Joining an investment club means joining for a long period of time.
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